Brad Wooten
I got a letter from the IRS. Now what?
So you have received a dreaded letter from the IRS. Now what? Don't panic and don't bury your head in the sand. There is a way forward.
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Brad Wooten
- Jan 15, 2021
- 3 min
Are you a year or more behind in filing your income tax returns?
Whatever your situation, Wooten CPA is here for you when you are ready to get caught up, and the sooner, the better.
8 views
Brad Wooten
- Dec 15, 2020
- 4 min
2020 year end tax planning tips
If you wait until tax time, it's too late for the majority of your best tax savings strategies.
54 views
Brad Wooten
- Dec 14, 2020
- 3 min
Pick a fight with the IRS? Sure, why not?
Many people think that the IRS has the final word, but that isn't exactly accurate.
16 views
Brad Wooten
- Oct 27, 2020
- 3 min
What to do if you cannot pay the taxes?
I have helped many clients through that exact scenario. Fear not, there is a light at the end of the tunnel.
13 views
Brad Wooten
- Oct 21, 2020
- 3 min
Seriously, what are my chances of an IRS audit?
There actually are some things that will increase your chance of an IRS audit. What are they?
60 views
Brad Wooten
- Oct 7, 2020
- 3 min
Additional tax saving tip for clergy
Only clergy benefit from this tax saving tip related to retirement contributions.
45 views
Brad Wooten
- Sep 30, 2020
- 5 min
Trump Tax Returns... Did Trump pay only $750 in taxes?
The headlines say Trump paid only $750 in taxes for 2016 and 2017. Is there political spin? What's the truth?
210 views
Brad Wooten
- Sep 28, 2020
- 3 min
Most common types of tax fraud
When done on purpose, these are acts of tax evasion and fraud. However, it is possible to commit some of these acts unintentionally.
29 views
Brad Wooten
- Sep 23, 2020
- 3 min
IRS reminds taxpayers to take the home office deduction
The IRS wants individuals to consider taking the home office deduction. The benefit may allow taxpayers to deduct certain expenses.
23 views
Brad Wooten
- Sep 21, 2020
- 3 min
But I hired a tax professional...
When you hire a tax preparer, you are still responsible for the return. As soon as you sign it, you are stating that it is true and accurate
68 views
Brad Wooten
- Sep 7, 2020
- 3 min
The #1 mistake for pastor or missionary tax returns
By failing to do this you have underpaid your taxes by almost $3,000. Multiply this by 3 years plus interest and penalties = $10,000+
106 views
Brad Wooten
- Sep 3, 2020
- 3 min
Housing allowance (MHA) expenses: Stop wasting time
Do you need to spend time keeping track of every little item related to MHA?
139 views
Brad Wooten
- Aug 31, 2020
- 3 min
Have a side hustle? Is it a business or a hobby for tax purposes?
So why does it matter? "If it's a hobby, I don't have to report the income, right?" Wrong.
51 views
Brad Wooten
- Aug 28, 2020
- 3 min
Do you know about the taxpayer bill of rights?
That's right, you have rights. Yes, the IRS has a lot of power (they can levy assets, including garnishing your wages), but you have rights.
16 views
Brad Wooten
- Aug 21, 2020
- 5 min
I have a major tax liability, now what?
Do you owe the IRS thousands in back taxes? Perhaps you have a tax liability and you are looking for some tax help? Maybe you have heard...
29 views
Brad Wooten
- Dec 24, 2019
- 3 min
Do I really need a CPA?
Today, you no longer need knowledge experts to provide you with information. If you don't need information, what do you need?
22 views
Brad Wooten
- Dec 10, 2019
- 4 min
Five ideas for paying less income tax
There are specific answers to this, but since the tax laws change so frequently I’ll give you some timeless advice here.
40 views